February 19, 2024 01:28 GMT
MNI: PBOC Drains Net CNY68 Bln Via OMO Mon; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY32 billion via 7-day reverse repo and on Monday, with the rates unchanged at 1.80%. The reverse repo operation has led to a net drain of CNY68 billion reverse repos after offsetting CNY100 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7656% at 09:27 am local time from the close of 1.8057% before Chinese New Year holiday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 41 on Sunday, compared with the close of 40 before Chinese New Year holiday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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